We’d like to take this opportunity to wish you all a very Merry Christmas and a Happy New Year from the Gateway Group. We hope you stay safe and well during the festive season.
Our offices are open as usual to support you. Do get in touch should the need arise.
Published on 18th December 2020
Your 2020 property round-up: Looking back at an unprecedented year in the UK market
To say this year has been unpredictable would be an understatement. With Brexit looming and a global pandemic ongoing, the property market in this country has been both challenging and record breaking in equal measure.
Zoopla, one of the largest UK property portals, predicts the run-up to Christmas to be the strongest the market has seen in almost a decade. Sales are expected to spill over into the new year as buyers are racing to beat the stamp duty holiday deadline – 31 March 2021. Zoopla estimates an additional 100,000 transactions to be completed before then.
Gateway Today will return in 2021. Until then, we’d like to wish you a Merry Christmas and a Happy New Year from everyone at the Gateway Group. We hope you’re all staying safe and well.
A timely reminder: Don’t just let your lease melt away
Short leases are a common problem and many leaseholders don’t realise that this can impact the future sale of their property.
Most flats are purchased as leasehold properties, meaning that the flat owner has the right to live in their property for the length of the lease, but doesn’t own the building itself. When a lease drops below 80 years, it’s a good time to consider extending it as additional costs start to be incurred. It can also be hard to sell, or get a mortgage on, a flat with a short lease.
But don’t worry! Our lease extension specialists have many years industry experience. We’ll guide you through the legislation and the pitfalls to avoid when extending a lease, working alongside you and your solicitor to negotiate the best deal. For courteous, professional service and the guidance you need at a competitive rate, call our team on 01702 443 544 or visit leaseadvice.co.uk/lease-extension
See what we can do for you
Leasehold advice is just one of our in-house services. We aim to be the best property specialist out there, covering proactive property management, residential lettings, property insurance surveying and more. Check out our Instagram page for updates on how the wider Gateway Group can help you.
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